The second phase of a project aimed at encouraging Cornish businesses to trade overseas has secured £2.5M of Convergence funding.
Export Cornwall estimates that by the time the second part of the scheme ends, in 2015, 345 businesses will have been supported and 410 jobs created.
The second phase of the project has been approved for £2,463,393 of Convergence investment, with a further £446,131 coming from UKTI (UK Trade and Industry) and £375k from the private sector. It will be delivered by Peninsula Enterprise.
Rory Uniacke, head of UKTI with Peninsula Enterprise said: “We will continue to build on the achievements made so far through the Export Cornwall service.
“We are keen to work closely with the private and public sector organisations in Cornwall to ensure that all potential and current exporters have the best possible support available to meet their growth potential.”
Carleen Kelemen, director of the Convergence Partnership Office for Cornwall and the Isles of Scilly, added: “European investment in Cornwall and the Isles of Scilly is intended to strengthen the economy and create better quality jobs via a variety of routes.
“In the current economic climate where austerity measures outweigh growth interventions, here in Cornwall we can still invest in those activities which support domestic growth earned from international markets.”